Targa gains on deal to acquire Stakeholder Midstream for $1.25 bln
01/12/2025 15:14
** Shares of pipeline operator Targa Resources TRGP.N rise 1.65% to $178.2
** Co says it will buy Stakeholder Midstream in a $1.25 billion all-cash deal
** TRGP plans to fund the acquisition with cash and its existing $3.5 billion revolving credit facility
** Deal expected to close in the first quarter of 2026
(Reporting by Varun Sahay in Bengaluru)
((Varun.sahay@thomsonreuters.com;))
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